Credit Card Counseling Service

Consumer Credit Counseling Services sometimes involve negotiating with creditors to establish a debt management plan (DMP) for a consumer. A DMP may help the debtor repay his or her debt by working out a repayment plan with the creditor. DMPs, set up by credit counselors, usually offer reduced payments, fees and interest rates to the clien, but are for the full balance. Credit counselors refer to the terms dictated by the creditors to determine payments or interest reductions offered to consumers in a debt management plan.

While CCCS is a viable option for consumers that are able to meet their minimum monthly obligations, they do come with setbacks. Visit the TDS blog to read more about CCCS programs, or contact one of our debt analysts today to go over your option.